Electricity Rates, Plans & Statistics
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About Cherryland Electric
With their main offices in Grawn, Michigan, Cherryland Electric supplies electricity to 6 counties throughout Michigan and is classified as an electricity cooperative. Electricity companies must regularly report the number of customers signed on for their services to government agencies. Most recently the supplier disclosed a total of 37,421 customers signed up to receive electricity from the company. Approximately 0.34% of these customers are industrial properties, 8.29% are commercial customer accounts and 91.37% are residential properties. On average, Cherryland Electric charges their consumers a residential electricity rate of 14.95 cents per kilowatt hour. Fortunately, this is 19.41% less than Michigan's average price of 18.55 cents, ranking the company at 33rd out of 60 providers in Michigan for lowest average electricity price. The provider had total sales and disposition of 447,066 megawatt hours in 2022, of which 93.05% were from retail sales. The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 447,066 wholesale megawatt hours. In 2022, the supplier made a total of $58,746,500 from business activities relating to the sale and transfer of electricity. They had 98.01% of their revenue coming from retail sales to end users.
The nationwide average monthly residential electric bill is $133.21, while the Cherryland Electric average is 20.22% less at $106.28 per month. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies.
Net metering is available to consumers of Cherryland Electric. This makes it cheaper for residents in the area to install solar and other electricity options as they have the ability to sell excess wattage into the grid.
Loss of energy from heat dissipation during electricity transmission and other causes is a reality of being in the electricity production business. Companies are required to report these losses to government agencies who track electricity grid efficiencies. Cherryland Electric recently reported an annual loss of roughly 6.85% of the electricity that they transmit. The state of Michigan has an energy loss average of 3.44% and the national average is 2.87%, giving Cherryland Electric a rank of 1233rd best out of 3517 suppliers who report energy loss in the nation.
Cherryland Electric Rate & Electric Bills
Cherryland Electric residential electric rates are highest in January and the highest average bill is in October.
Historical Electricity Rates:
Cherryland Electric Overview
- Company Type:Cooperative
- Headquarters:5930 United States 31 South
Grawn, Michigan 49637
United States of America
- CEO:Tony Anderson
Cherryland Electric Contact
Cherryland Electric Service
- Rates & Plans:www.cherrylandelectric.coop
- Outage Map:www.cherrylandelectric.coop
- Outage Phone:(231) 486-9200
- States Served:
- Counties Served:
- Grand Traverse County
- Wexford County
- Manistee County
- Leelanau County
- Benzie County
- Major Cities Served:
- Traverse City
- Greilickville CDP
- Grawn CDP
- Chums Corner CDP
- Hardwood Acres CDP
- Suttons Bay
- South Boardman CDP
- Interlochen CDP
- Table Of Contents:
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Cherryland Electric's energy loss due to business operations.
Total Energy Loss
1233 National Rank
Cherryland Electric Coverage Map
Cherryland Electric State Coverage
|State Rank Based On Revenue
|% of Provider's Residential Sales in State
Cherryland Electric County Coverage
Cities Cherryland Electric Has Coverage
* City coverage generated based on government data. Always verify you can get service from the provider.
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Cherryland Electric FAQ:
What is the average bundled bill for Cherryland Electric customers each month?
Cherryland Electric currently has an average monthly bundled electric bill of $106.28, compared to the Michigan average of $112.79 and the national of $112.79 for bundled service.
What is the phone number for Cherryland Electric?
Cherryland Electric's customer service phone number is (231) 486-9200
How many counties does Cherryland Electric provider electricity to?
There are 6 counties that receive at least some electricity coverage by Cherryland Electric.
What is the average bundled electricity rate for Cherryland Electric customers?
Customers of Cherryland Electric, on average, have an electricity bundled rate 14.95 cents per kilowatt hour (¢/kWh).
Who is the CEO of Cherryland Electric?
The CEO of Cherryland Electric is Tony Anderson.
What cities does Cherryland Electric have customers in to?
Cherryland Electric supplies to 8 cities in the US including Michigan.